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5 Reasons You Should List Your House TODAY!

Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. Here are five reasons why that might not make sense this year:

1.) Demand Is High

Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers.

4.) Interest Rates Are Projected to Inch Up

The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5.) Timelines Will Be Shorter

The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.

These are five good reasons why you should consider listing your house today instead of waiting.

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5 replies
  1. Craig Mische
    Craig Mische says:

    Agreed! In my market, lakefront real estate is king and most people that want to sell their lake property will take it off the market during the winter months. Inquiries and my site traffic spikes after the holidays are over. The lake homes on the market grab more eyeballs because of the drop in inventory as there are a boat load of expired listings on Jan. 1. Because of this “take it off & wait until spring psychology”, it is a great time if you are a buyer looking for a lake home and know the shoreline or have trust in someone like me. It isn’t true for every active lake listing but most of the lake properties still on the market are owned by sellers that are likely to be more negotiable now than this spring.

  2. Divine-Redesigns.com
    Divine-Redesigns.com says:

    Very true here in metro-Atlanta. Houses that are staged and priced well sell quickly (less than 2 weeks), often with multiple offers. It’s a great time to sell!

  3. Dawn
    Dawn says:

    I just came across this blogpost today, 3/3/13. Best reason to list today: list and close before the ripple effect of the new payroll tax burden, which will have a definite negative impact on everything…


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